LRCX
March-quarter results: still serving hot
Lam Research wrapped up its March quarter looking more like a momentum stock than a sleepy semiconductor supplier. When a chip-equipment name puts up a strong quarter, it usually means the factories building tomorrow’s AI toys are still ordering the picks and shovels.
Why investors are paying attention
This matters because Lam sits in the middle of the semiconductor supply chain. If customers keep spending on advanced chips, memory, and manufacturing upgrades, Lam gets to keep riding shotgun instead of waiting in the parking lot.
The broader signal
A strong print here is less about one quarter and more about the vibe check for the whole chip capex cycle. If AI infrastructure spending keeps humming, Lam can keep looking like one of the cleaner ways to play the theme without buying the full robot horse.
Big picture: Lam’s quarter suggests the AI buildout still has legs, and that’s good news for anyone who thinks the semiconductor equipment boom isn’t done yet.